Rs 11 lakh cr steel projects remain sticky
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20/05/2009
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Indian Express (New Delhi)
New Delhi: Persistent delays in promised greenfield expansion totalling Rs 11 lakh crore by both domestic and foreign steel majors have prompted the steel ministry to suggest to the government the setting up of a high-level empowered body. This may comprise officials from the Planning Commission, railway, road transport and steel ministries.
In a note prepared for the new government, the ministry has pointed out that tackling issues like land acquisition, raw material security and environmental clearances was necessary to continue to attract FDI in the sector. It also sought the